Under a modified wage plan, Jim Phillips works an eight-hour day and earns $.50 for each finished unit he produces in excess of 200 units. However, he is guaranteed $12.50 per hour as a minimum wage.
His production this week was as follows:
Monday 220 units Tuesday 180 units Wednesday 200 units Thursday 200 units Friday 190 units
What were Jim’s total earnings this week?
a. 5
b. 10
c. 15
d. 12.5
Answer is c. $15
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